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Wednesday, November 13, 2013 11:52:58 PM
Today : Wednesday 13 November 2013
Click Here for more China Jo-JO Drugstores, Inc. (MM) Charts.
HANGZHOU, China, Nov. 12, 2013 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) (the "Company"), a retail and wholesale distributor of pharmaceutical and other healthcare products in China, today announced that on November 6, 2013, it received notification from NASDAQ granting the Company an additional 180-day period, or until May 5, 2014, to remain listed on the NASDAQ Capital Market and to regain compliance with NASDAQ's minimum $1.00 bid price per share rule.
Under NASDAQ Listing Rules, the Company was granted this extension because it met the continued listing requirement for market value of publicly held shares and all other applicable NASDAQ listing requirements, except the bid price requirement. The Company provided written notice to NASDAQ of its intention to cure the bid price deficiency during the second compliance period by affecting a reverse stock split, if necessary.
The Company will regain compliance with the minimum bid requirement if at any time prior to May 5, 2014, the bid price for the Company's common stock closes at $1.00 per share or above for a minimum of 10 consecutive business days.
If the Company does not regain compliance by the end of this extension period, it will receive notification from NASDAQ that its shares are subject to delisting. At that point, the Company may then appeal the delisting determination to a NASDAQ Hearings Panel.
Recent CJJD News
- China Jo-Jo Drugstores Regains Compliance with Nasdaq Minimum Bid Price Requirement • PR Newswire (US) • 03/19/2024 08:05:00 PM
- China Jo-Jo Drugstores, Inc. Announces 1-for-20 Reverse Stock Split • PR Newswire (US) • 02/27/2024 09:05:00 PM
- China Jo-Jo Drugstores Granted A Second Extension to Meet Nasdaq Minimum Bid Price Requirement • PR Newswire (US) • 12/14/2023 01:30:00 PM
- China Jo-Jo Drugstores Announces Celebration of its 20th Anniversary • PR Newswire (US) • 11/08/2023 01:30:00 PM
- China Jo-Jo Drugstores Announces $2.59 Million Registered Direct Offering • PR Newswire (US) • 09/26/2023 01:00:00 PM
- China Jo-Jo Drugstores Announced Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency • PR Newswire (US) • 06/16/2023 08:29:00 PM
- China Jo-Jo Drugstores Reports Fiscal Year 2023 Financial Results • PR Newswire (US) • 06/15/2023 01:00:00 PM
- China Jo-Jo Drugstores Receives Hangzhou Municipal People's Government Quality Management Excellence Award • PR Newswire (US) • 05/02/2023 12:30:00 PM
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